Project description
Introducing a system for more secure data marketplaces
Data have become one of the most valuable commodities of our time, with the size of data markets expected to reach EUR 100 billion by 2025. The EU-funded SEDIMARK project aims to create a secure decentralised data marketplace based on distributed ledger technology and AI. Under this new system, the data will no longer be stored on the cloud but on edge systems, close to where they are generated, thus avoiding many security issues. They will then be cleaned, labelled and classified, through energy efficient techniques, making for a more secure environment where findable, accessible, interoperable and reusable (FAIR) and high-quality data can be easily linked, shared and utilised.
Objective
The EU data economy has grown tremendously, with forecasts predicting to reach 800Billion Euros in 2025. Data are becoming the new currency, being exchanged as products or services in marketplaces. Data markets are predicted to reach a size of 100Billion Euros in 2025. Existing data marketplaces are centralised, store the data on the cloud, provide limited to no guarantees about data quality and they are governed by single entities that make the rules. SEDIMARK merges the expertise of a large team of experts to build a secure, trusted and intelligent decentralised data and services marketplace, based on Distributed Ledger Technology and Artificial Intelligence. SEDIMARK enables distributed heterogeneous data within the EU to be easily and seamlessly linked, shared and exploited for diverse business and research scenarios. SEDIMARK builds upon the concept of FAIR data, ensuring that data are of the highest quality, unbiased, enriched and annotated, so that they can be discovered, accessed, and easily reused. SEDIMARK includes a distributed registry of resources (data/services) stored on edge systems, close to where they are generated and where the data are cleaned, labelled, validated and anonymised. Security is applied with strong access control, privacy techniques for data minimisation and purpose limitation, exploiting blockchain for enforcing trust, decentralised identities, and data verification. Energy efficient AI techniques will be used for automated data quality management, labelling and classification of data as well as for providing (distributed) analytics and advanced services on top of the data. Semantic interoperability based on common ontologies and data models will allow the easy and efficient discovery, sharing and federation of heterogeneous data from multiple sources. The system is built on top of existing platforms of the consortium, starting from TRL5 and will be tested and demonstrated in four real world scenarios, reaching TRL-8.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences computer and information sciences knowledge engineering ontology
- natural sciences computer and information sciences computer security cryptography
You need to log in or register to use this function
We are sorry... an unexpected error occurred during execution.
You need to be authenticated. Your session might have expired.
Thank you for your feedback. You will soon receive an email to confirm the submission. If you have selected to be notified about the reporting status, you will also be contacted when the reporting status will change.
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
-
HORIZON.2.4 - Digital, Industry and Space
MAIN PROGRAMME
See all projects funded under this programme -
HORIZON.2.4.7 - Advanced Computing and Big Data
See all projects funded under this programme
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-IA - HORIZON Innovation Actions
See all projects funded under this funding scheme
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-CL4-2021-DATA-01
See all projects funded under this callCoordinator
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
28037 MADRID
Spain
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.